Residential construction spending fell 7.3% from its year-ago rate, according to data released Tuesday by the U.S. Census Bureau.

At a seasonally adjusted annual pace of $871.2 billion, residential construction spending logged a 7.3% decrease from the estimated figure of a year ago, which was 1.3% below the revised June estimate.

Private residential construction accounted for $859 billion of that total, with public residential values decreasing 5.2% year over year to $12.2 billion.

Overall, total construction spending during July, including both residential and nonresidential, was estimated at a seasonally adjusted annual rate of $2.16 trillion. That is 3.8% below its $2.42 trillion value at the same time last year, and 0.5% under the revised June estimate.

There was also a seasonally adjusted annual rate of $755.2 billion in nonresidential private construction, to go along with $531 billion in public nonresidential, which was up 1.9% from the July 2025 figures.

While most of the nonresidential categories also saw significant dips, some areas saw increases in the value of construction, such as health care, education and conservation and development.